MNI BRIEF: Brussels To Ease EU Fiscal Rules To Boost Defence

MNI China Daily Summary: Friday, February 14

MNI BRIEF: China Jan Yuan Loans, Financing Beat Expectations

MNI BRIEF: Brazil Outlook Demands 'Higher Doses Of Medicine'

CHINA JAN NEW LOANS CNY5.13 TRLN VS MEDIAN CNY4.53 TRL

MNI BRIEF: China Machinery Expects Stable Trade In 2025

BAKER HUGHES CANADA RIG COUNT 245; OIL RIGS 174; GAS RIGS 71

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 481; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Tengiz Expansion May Reach Capacity by Mid-2025

OIL
Energy BulletsBulletAPACCommodities

The expansion project at the Tengiz oil field may reach full capacity by mid-2025, the general director of Tengizchevroil told Interfax, cited by Bloomberg.

  • "We are currently in the testing phase. Everything depends on the performance of our equipment, and it will take several months to complete this process. We expect to reach full operational capacity by the middle of the year," Lyon said, cited by Interfax.
  • "We announced the start of production at the Third Generation Plant in January, but testing and tuning the system will take several months. Therefore, we will not see the full production effect for several more months,"
  • Tengiz oil production has already risen from an average of 606kb/d in 2024 to 900kbpd, a Reuters source said in early February.
122 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The expansion project at the Tengiz oil field may reach full capacity by mid-2025, the general director of Tengizchevroil told Interfax, cited by Bloomberg.

  • "We are currently in the testing phase. Everything depends on the performance of our equipment, and it will take several months to complete this process. We expect to reach full operational capacity by the middle of the year," Lyon said, cited by Interfax.
  • "We announced the start of production at the Third Generation Plant in January, but testing and tuning the system will take several months. Therefore, we will not see the full production effect for several more months,"
  • Tengiz oil production has already risen from an average of 606kb/d in 2024 to 900kbpd, a Reuters source said in early February.